Rachel Reeves considers 20% tax on assets of people deciding to leave UK \ stacker news ~Politics_And

pull down to refresh

Rachel Reeves considers 20% tax on assets of people deciding to leave UK www.theguardian.com/politics/2025/nov/01/rachel-reeves-considers-20-tax-on-assets-of-people-deciding-to-leave-uk?fbclid=IwY2xjawN5ywRleHRuA2FlbQIxMQBzcnRjBmFwcF9pZA80MDk5NjI2MjMwODU2MDkAAR78JtQBDqsLPknja3uarFmpSNt4fYTdXmVOLZKcj1VpbX9GUIrdAzpnZxgUbA_aem_5ZbRH0b1bRTbKkls3rp6jg

96 sats \ 13 comments \ @oliverweiss 6 Nov Politics_And_Law

Exit taxes in the EU (France, Netherlands, Germany) are wild. The UK isn’t far behind. A tax for wanting to leave the system. Gov is getting desperate.

view all related items

30 sats \ 2 replies \ @grayruby 6 Nov

Coming soon to a country, state, city near you.

40 sats \ 0 replies \ @oliverweiss OP 6 Nov

Please don’t scare me 🙂

20 sats \ 0 replies \ @satgoob 7 Nov

It’s already a thing in the us over $2mm. Also the only country other than Eritrea (1% for them) that taxes you if you live abroad

“Liberty” my ass

0 sats \ 0 replies \ @xz 7 Nov

Like a possesive, sociopathic ex-girlfriend, the uk gov has become.

0 sats \ 1 reply \ @SimpleStacker 6 Nov

The last gasp of a dying system is to impose exit taxes

0 sats \ 0 replies \ @grayruby 6 Nov

Financial Berlin Wall.

0 sats \ 0 replies \ @Angie 6 Nov

No te asombres muchos países ya lo hacen, la razon no es que te quieran es que somos producto interno brutos (BIP)🤣🤣🤣

0 sats \ 0 replies \ @Wumbo 6 Nov

While expat status does not provide an exemption from 20% capital gains tax on the sale of UK property and land valued at £6,000 or more, it does on the sale of some other assets, such as shares in many companies.

Under the new plans, the 20% charge would be levied on the value of these assets when exiting the country.

Rachel Reeves is the Chancellor of the Exchequer. https://en.wikipedia.org/wiki/Rachel_Reeves

I didn't recognize the name and was wondering who she was.

0 sats \ 4 replies \ @DarthCoin 6 Nov

And people ar dumb to declare it.

0 sats \ 3 replies \ @oliverweiss OP 6 Nov

If you run a business (and idk employ someone), I guess it’s quite difficult not to declare it under the current system.

37 sats \ 2 replies \ @DarthCoin 6 Nov

put your business under a PMA (private members association)
put all your other "assets" in a trust, where you, the living man are the beneficiary
accept only bitcoin